The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-12
INDIANAPOLIS MARKETS.
Continuous Rains and the Near Approach .
the Close of the Year Checking Trade.

Continuous Rains and the Near Approach {.
the Close of the Year Checking Trade.
INDIANAPOLIS. Dec 10.
Trade in the week closing to-day has not reached
expectations In the early partof the week the break
in the grain and provision markets used bear
on business and the last half of the week rain has in
terfered with trade. Probably this is fortunate,
the sharp advance in wheat and corn and in provis-
ions, WELL exciting persons who are apt to
speculate when the inducements stand cut as prom
nent as they did few days ago. That there is still
uncertainty in the matter of specializing in grain
and provisions made quite apparent before wild
buyers had gone in Deep That there is good rea
son for believing that grain and provisions are good
property no one will deny Corn for instance is being
absorbed by markets its production extent
never before known. Where one Statehas good crop
an adjoining had none and are buying from their
more fortunate neighbor. It is not uncommon
thing for regular buyer to have car loaded with
corn at small station ready to be forwarded to
the market, for home buyer to step and offer
two to three cents the bushel than the corn
would bring the market it proposed to ship it
to- Then the strong tone to the provision market is
well backed. The packing season is not half over,
and the supply of hogs is running short. The Gin
cinna Price Current the returns for last week
show continuance OF decrease in number of hogs
handled, compared with corresponding time last year
the week against 549, 600 last year, and these
places show total of 1928 600 since November
l. against 97l 900 ago, 4S 900 decrease.
The indications that other places have packed
many year ago, tn date, possibly small gain.
Accompanying returns show Sic, 900 hogs for ten
places mentioned additional to the ten larger points,
and for last year 2S3, OOO indicating 33. 0CO gain
this these places. The total packing at all
points to date evidently varies but slightly from
year ago. In inquiries the past week we have
asked for estimates for the entire OF
there contingencies liable to arise which may
effect radical change in calculations thus early in
the at individual points. Summing up the
present views probabilities for the at the
ten large points. a shortage of 10000 to 100000
hogs is estimated. In the other markets
there is nothing new to note. Produce moves
slowly retail grocers buying only to meet immediate
requirements expecting that prices on vegetables,
apples butter and will br eak after the holidays
In poultry lower prices need be looked for they
so per cent lower than at the corresponding
period last year and 100 per cent. lower than in
the corresponding period of 1885. Grocers are hav
ing fair trade for December. Country merchants
however allowing their stocks to down that
they be able to how they stand at the begin
ming of the new year. It is stated that bills have
been promptly met this year than usual.
quently the annual settlements will be less trouble
some In holiday goods there is big trade. and
pie show disposition TO purchase useful articles for
gifts totbeir friends.
GRAIN.
The week closes with a strong market. The rains
are cutting down receipts. Wheat is in good demand
both for local consumption and for shipping to inte-
rior milling points Corn in all markets is in good
demand and futures rule firm. Oats scarce and in
Track bids to day ruled IS follows.